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Bank of Canada Holds Rates Steady at 1%

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The Bank of Canada (BOC) held its short-term interest rates steady at 1.00% yesterday, confirming market forecasts. As the BOC stands firm on its inflationary growth targets , the Canadian dollar (CAD) has also been posting solid gains.

Yesterday, the Loonie pushed bullish against several of its currency rivals as it tracked the rise in commodity values. With crude oil ending the day over $103 a barrel, the value of the commodity-linked Canadian dollar also ended moderately higher in the forex market.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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